Hungarian Duna-Drava Cement to build logistics centre
Hungarian cement producer Duna-Drava Cement Kft (DDC) plans to spend HUF5bn (US$$28.7m) on the construction of a logistics centre and a transport terminal on the Danube River near southwestern Mohacs, it was reported on December 20, 2007.
The logistics complex with a capacity to handle 500,000tpa will serve the company’s plant in nearby Beremend.
Duna-Drava Cement will buy the site for the project from the local authorities for HUF500m (US$2.9m). Construction works are to begin in 2010 and the project is slated for completion at the end of 2011.
Duna-Drava Cement is owned by German companies HeidelbergCement and Schwenk Zement, each holding a 50 per cent stake. DDC was set up in 1997 with the merger of Danube Cement and Lime Works (DCLW) located in northwestern Vac, and the Beremend Cement and Lime Works (BCLW) and currently has a production capacity of 2.4Mta.
DDC project will not change the plans of the local authoroties of Mohacs for the construction of a HUF4bn (US$23m) commercial harbour.
Published under Cement News
